Description

Building Integrated Solar photovoltaic (BIPV) systems utilize building integrated solar panels to generate electricity, by transforming solar radiations into electrical energy. The energy generated has wide applications in several sectors including residential, commercial and industrial sectors. The major advantage of the BIPV is decentralization of grid power. Basic raw materials used in manufacturing a BIPV cell is raw form of silicon (98% pure) which is doped with boron or phosphorus to generate electricity. Recent technologies provide innovative solutions such as transparent BIPV, walkable BIPV and insulated BIPV. These multifunctional technologies are expected to find applications in floors and walls, and are anticipated to drive the demand for the BIPV market.

The BIPV market report by Transparency Market Research provides an in-depth analysis of the global BIPV industry. The report segments the market on the basis of product type, technology, end-user and region and also provides forecasts and estimates for each segment. The report also analyses demand and supply characteristics of the market by providing a detailed forecast and analysis of volume in terms of annual installations and revenue for the period 2013 to 2019.

Curtain wall systems are capturing the market for BIPV due to their low maintenance and enhanced barrier and transparent properties as compared to glass. Rooftop BIPV is having a large market share due to implementation of first generation technology and the trend is expected to be the same over the entire forecast period. Curtain wall BIPV products are expected to grow at healthy growth rates. BIPV windows are niche product segment at present. However, this segment is likely to become an attractive market segment due to growing applications in residential as well as commercial sector.

The various technologies utilized BIPV are C-Si, thin film and other (OPV & DSC). The thin film technology is grabbing the attention of market players owing to its flexible design and ease of integration in curtain wall BIPV and fabrics. This widens up the applications for thin film technology and this technology segment is expected to grow at higher growth rates over the entire forecast period. Due to its low prices and higher efficiencies at the present, C-Si technology became the major technology segment in 2012. However, C-Si technology is oldest one and many developments to enhance efficiency have taken place. Such factors are expected to drive the market for C-Si technology. Other technologies such as OPV and DSC are third generation technologies and are still under the development phase. The development of these technologies is likely to produce high efficiency panels and expected to become attractive market.

Based on end-user, the market can be segmented into commercial, industrial and residential. The large number of urban development and a growing population is creating demand for BIPV in the residential segment. Industrial segment is expected to grow at moderate growth rates.

Asia Pacific, North America, Europe, and Rest of the World (RoW) are the major geographic areas covered in this report. Each geographical region has been segmented further on the basis of the product type, technology and end-user, and volume & revenue forecasts and estimates for each segment have been provided for the period 2013 to 2019.

The report also provides a thorough analysis of market share and revenue of companies such as First Solar Inc., Ascent Solar Technologies Inc, Pythagoras Solar Ltd, Sapa Solar and Centrosolar AG. The report provides a detailed analysis of the various factors influencing the BIPV industry with the help of Porter’s five force analysis. The analysis also helps to understand the degree of competition in the market. The report also analyses the value chain and the various drivers and restraints of the BIPV market.

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BIPV is a photovoltaic technology that is integrated in the building structures primarily during construction. It is fairly less detrimental to the environment and generates electricity at lower cost than conventional power generating plants. BIPV integration curtails the overall construction cost by a substantial amount. Integration of BIPV products commonly includes rooftop, curtain wall and BIPV window. Zero energy building policy, strictly practiced in the U.S. and European countries, has been achieved effectively through the assistance of BIPV products. These BIPV have seen a great amount of growth in recent years in various construction activities.

Due to their high efficiencies and lower costs as compared to other technologies, first generation technologies such as C-Si technology are experiencing great demand from construction industry. Silicon forms one of the primary raw materials utilized in manufacturing C-Si BIPV modules. Evolution of second and third generation BIPV technologies coupled with abundant availability of silicon in the nature has led to significant drop in the C-Si BIPV module prices. Lower raw material cost makes C-Si technology less expensive than others. Hence, the demand for C-Si technology is expected to boom over coming few years. Second generation technologies are having higher efficiencies as compare to first generation technologies and it include thin film technologies. Amount of flexibility and ease in integration offered by the thin film technology are likely to attract more consumers hence, driving the growth of thin film technology segment. Third generation technologies such as OPV and DSC are still under the development phase. Knowing the potential of this segment the companies such as Dyesol are focusing continuously on the third generation technologies.

BIPV market is segmented based on end-user applications such as commercial, residential and industrial. New norms and regulations regarding the use of renewable energy and subsidies over solar energy are together driving the growth of commercial end-use segment for BIPV market. Laws such as Renewable Energy Law 2006 in China are driving the growth of renewable energy in commercial sector. Hence, commercial segment is anticipated to maintain the highest share to the BIPV end-user market by annual installations in 2019. Growing Asian population and initiatives by governments are creating new opportunities for BIPV in residential sector. However, industrial end-use is expected to grow at slower rate as compare to others.

Strict regulatory policies, FIT rates, accompanied by retrofitting and financial incentive schemes in Europe have propelled the product demand. Eastern European countries are dominating the BIPV market. However, western European countries, Asia Pacific and RoW are expected to become emerging regions for BIPV market. The North American region is witnessing peak energy demands while, peak shaving activity is becoming popular. Peak shaving is the process to reduce the amount of energy purchased during peak hour (noon to 6:00 p.m.). BIPV products are expected to supply energy in peak hours for commercial and residential end-uses.

First Solar Inc., Ascent Solar Technologies Inc, Pythagoras Solar Ltd, Sapa Solar and Centrosolar AG are expected to dominate the BIPV market. These companies accounted for more than 40% of the global market share in terms of revenue in 2012. However, upsurge of third generation technology coupled with innovative structures (walkable BIPV) are paving way for BIPV market.

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